American Homes 4 Rent (NYSE:AMH – Get Free Report) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. They currently have a $37.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $40.00. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 5.13% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Barclays assumed coverage on shares of American Homes 4 Rent in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price objective for the company. Mizuho boosted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.20.
Read Our Latest Analysis on American Homes 4 Rent
American Homes 4 Rent Stock Performance
American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.
Insider Transactions at American Homes 4 Rent
In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.05% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the third quarter worth about $25,000. UMB Bank n.a. lifted its stake in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the period. V Square Quantitative Management LLC increased its position in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in American Homes 4 Rent during the 3rd quarter valued at $53,000. 91.87% of the stock is currently owned by institutional investors.
About American Homes 4 Rent
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
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